MALAYSIAN National Reinsurance Bhd (MNRB) expects its 100%-owned subsidiary Takaful Ikhlas Sdn Bhd to begin operations in the takaful reinsurance sector in July, said its chief executive officer and managing director Anuar Mohd Hassan.
Takaful Ikhlas, with a paid-up capital of RM51mil, would operate in a segment of the insurance market that would be governed by Syariah principles and incorporate profit-sharing elements, Anuar added.
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